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and the president fix the fiscal mess they put us in before it's too late? and the other side is about to about in congress that nobody is talking about. welcome to "the willis report." ♪ ♪ gerri: welcome everybody, i am gerri willis. the u.s. dangling over the fiscal cliff. washington can't get its act together. speaker boehner challenging president obama to lead us. his first comments on the economy sense reelection, he seems emboldened by his reelection. with more on this, chris stirewalt. it is great to have you here. i want to start by talking about what the president had to say today. he seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 are not asked to pay a dime more in taxes. [applause] gerri: chris, jay carney comes o
won't help us solve the problem. >> avoid aing fiscal cliff. the downfall of the cia chief and the remaining superstorm sandy. bob menendez and new york congressman peter king. then dissecting tuesday's results with california governor jerry brown. plus, cnn's dana bash looks at the grand old party and the new electral with republicans, former democratic congress john huntsman, cathy mcmorris-rogers, carlos gutierrez, and conservative activist gary bauer. i'm candy crowley, and this is "state of the union." >>> good morning from california. the state that led the tax cut revolution in the late 1970s, but this last tuesday voted to raise taxes. we'll talk to governor jerry brown later in the show, but, first, that fiscal cliff. those tax hikes and spending cuts scheduled take place at the end of the year unless congress acts. president obama and house speaker john boehner picked up where they left off in dualing public appearances where both sounded consillatory, but didn't seem to budge much. must add to the president's to do list one more thing. he needs a cia director aft
is that scott brown did just spend >>> welcome to "the ed show" from new york. president obama is using every tool in the toolbox to protect the middle class. it is starting to work. this is the ed show. >>> if we can get a few house republicans to agree as well, i'll sign this bill as soon as congress sends it my way. i've got to repeat. i have got a pen. >> a major republican says he is ready to take the president's deal on taxes. house speaker, john boehner, is not happy. >> hell, no, you can't. >> anti-tax crusader, grover norquist attacking the wives of republican congressman? >> i hope his wife understands that commitments last a little longer than two years. >> tonight, lee saunders on the grassroots blast to pass the middle class tax cuts. >> small business owner, lou krantz, on his meeting with the president. congressman, steve israel, on the democratic momentum on the fiscal cliff. plus. >> karen finney on the new bizarre attack on ambassador, susan rice. >> all of the sudden, we are the bell of the ball. we are here to say, it's time to start to dance. >>> latino voters help put pr
with us. "the ed show" starts right now. >>> good evening, americans. welcome to "the ed show" live from minneapolis. breaking news, cia director david petraeus is out and rich people in this country better get their wallets out. >> american people voted for action. >> the president drops the hammer. no deal unless the rich start paying their fair share. we'll bring you the latest on today's major power play by president obama. >> it's time to get back to work. >> hatred and racism explode following the president's reelection. eric dyson puts it all into perspecti perspective. >>> and bill clinton may have saved president obama's second term. darrell hammen tells us how he did it. >> he's the only democratic nominee for president. >> good to have you with us. thanks for watching. president obama stepped out to talk about the economy today. he reminded america that there was an election on tuesday and the people have spoken. the president spoke from the east room of the white house surrounded by middle class americans. he's ready to lead on fiscal challenges facing this country. >> the am
system shot down another incoming rocket bound for tel aviv. joining us now, leeland vittert on the border with the very latest on the growing crisis. >> right now we are waiting to see if the tanks will cross the black abyss that is behind me into gaza where we have watched the rockets fly out of all night as i speak. you can hear the buzzing sound of israeli drones and f-16s as they head in on their bombing sorties trying to search out the rocket crews and hit them with a missile before they can send things raining down on nearly a million israeli civilians in the line of fire. through the afternoon, gaza militants launched countless rocket volleys, firing one toward tel aviv where air raid sirens sent beach goers running for cover. the iron dome system intercepted it before it could hit the city. but it doesn't always work that way. this home video captured a rocket hitting an apartment building. taking refuge in a bomb shelter saved those eating lunch here from certain death. the ground forces are just waiting for the go order. those are the d-9 bulldozers that will lead
in the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do more to root it out. >> eunice, we're having tr
clear up confusion about the attack on the u.s. diplomats in benghazi? and another high-profile republican now running away from mitt romney after he tried to blame his loss on so-called gifts from president obama. james carville and ari fleischer, they are here this hour. we're going to talk about the gop's hand wringing and back stabbing. i'm wolf blitzer. you're in "the situation room." >>> hamas militants -- [ gunfire ] -- there they are. hamas militants in gaza keep unleashing rocket attacks on israel and get alarmingly close to jerusalem. a new provocation as they continue the air assault on what it calls terrorist targets in za. the death toll i rising along wiars of anall-out israeli ground invasion. the israeli cabinet has just approved the call-up of 75,000 army reservists in addition to the troops already positioned along the border with gaza. a visit to gaza by egypt's prime minister failed to stop the bombardment and pull the region from the brink of all-out war. u.s. officials blame hamas for starting this conflict. but they are also urging to be measured i
you do instead of dealing with the policy issues. we have have a very distinguished member with us, a good friend of all of us, someone who deals seriously with policy issues and is joined us today and that would be january from illinois. >> also i think today of most significance i believe is my role on the intelligence committee. all of us were given a briefing based on emerging information from the intelligence committee . susan rice, i do -- susan rice went on television based on the information that was available at the time and the briefing that she was given information and intelligence that she had no part in collecting. the kind of statement that is anyone who had been given those briefings would have made in public. obviously, this was on an unclassified buys sis but she was given information that she had that has subsequently been updated. it was not wrong or deliberately misleading in any way. there had been the belief that there had been a protest that developed into this attack. so susan rice as the president very clearly said, if anyone has a problem with the intelli
could give us a quick reply. guest: the long-term future of the country will depend on a lot of things. the u.s. is taking a lot of steps right now to right the ship. labor may be one of them. taxation may be one of them. there are some estimates that we can be energy self-sufficient in the next 30, 40 years, so maybe that helps. this is a very complex issue. it has to be resolved. there has to be a happy medium there. whether or not it is because these ceos are boring abroad for certain things or not, that is up for debate. i'm certainly not one who will take a position on that because i don't know enough about it to make that call. there are a lot of very smart people out there, who we should respect, they are very good at what they do and they are still debating about what the proper solutions to this is. all right now, this is why we're seeing such a huge amount of debate going on in d.c. and in board rooms across the country. washington, d.c. host: there have been reports that secretary geithner will play a role in these talks. guest: the economic team is in place right now. this
threatened to stop that, he used all his tools of public service to help him win the battle. here are a couple of those tools he had, neil armstrong, tom stafford, part of a bipartisan coalition to put the united states on a path to go into orbit. as a boy who grew up within a mile and a half of the johnson space center, i saw ralph hall make history, that my kids, your kids, can see americans go into space. one more slide. we've all talked about the children earlier this year, because you did that, my kid said, dad, let's jump out of a plane when i turn 18. thank you, mr. chairman, you made a difference in my life and a difference to so many people. mr. smith: i yield two minutes to the gentleman from florida, bill posey. mr. posey: thank you, mr. chairman. i appreciate the opportunity to join with me colleagues in recognizing chairman ralph hall for his tenure as chairman of the house science committee. during his service, he reached acrong the -- across the aisle and forged bipartisan coalitions to support important legislation and no program, in my view, has benefited more if
intrangedent. joining us tonight is jake sherman, the congressional core -- coarse upon independent for political. what does it mean for next week? will they get a deal? >> house republicans are saying they are not going to increase rates. they don't have the votes to do so so they are going to go to the white house, but john boehner even said recently this is going to be long talks. is the first round of negotiations after the election but what is important to keep is mind is that john boehner has already back pedalled from where he was in 2011. he wasn't even willing to entertain the revenues he is willing to entertain in 2011. if you remember in 2011 when things looked like they were getting done the meetings were secret. >> jennifer: so in fact i want you to listen to a sound bite from house speaker john boehner this morning. >> the members of our majority understand how important it is to avert the fiscal cliff, and that's why i outlined a responsible path forward, paving the way for entitlement reform as well as tax reform with lower rates. >> jennifer: so
in. they've been married 35 years, have two grown kids. so how will this revelation exact the u.s. intelligence community? joining me now is fran townsend and bob baer and suzanne kelly. suzanne, what more can you tell us about the probe into the relationship with paula broadwell? do we know how long this has been going on? >> we don't know how long it was going on, but just the -- so they're the ones that would look into accusations of inappropriate access to classified information. individuals that hold clearances, are they doing what they need to be doing to make sure that information stays safe? is there any opportunity whatsoever that that information could be exploited by either a spy or anyone else who shouldn't have access to that information. so the fact that they were the ones looking into this, tells you that, you know, they were concerned about some of the e-mail things. let's back up for a moment. this was a tip that they were given. that there was this relationship going on between the two. what they have dug into were things like e-mails, texts, things like that. an
? that was the first thing i had to work out. the second is what we all know about. how did he come to use the atomic bomb? what was behind the decision now? what's the story about the atomic bomb before he became president and then when the decision was on his desk? it still a controversial story and i wanted to know more about it. >> from his early life through his presidency, looking at the life of harry truman in "citizen soldier" and i don "q&a." >> general less thandunford is currently the second highest rated officer in the marine corps and he is president obama's choice to lead the soldiers in afghanistan. committee chairman carl levin says he hopes to have a vote on the nomination shortly after the thanksgiving recess. german eleven and other committee members also expressed their support for current afghanistan commander john allen who is being investigated for allegedly misconduct relating to the scandal that forced the resignation of cia director david petraeus this is just over 2.5 hours. >> good morning, everybody. we are meeting to consider the nomintation of general joseph dunford, jr
. >> this week on "newsmakers," we want to welcome mary kay henry. we have two reporters to help us with this conversation today. lindsey cook, "national journ al." >> mary, you met with the president last week on these so- called fiscal cliff. what kind of assurances did you get from the president about his willingness to put entitlement cuts on the table in his negotiations? >> the president was crystal clear on his desire to get a conversation as a top priority before any cuts could be entertained. what we were pleased to hear, both community and labor leaders to work together in that meeting, was how completely clear the president was on respecting the will of the electorate from the november 6 election, where he believes he offered the nation a choice, and that the popular vote and the electoral vote said, yes, it is time for the wealthy americans to pay their fair share. >> did you get a sense that if he does get what he is asking for in revenue, he would be willing to entertain concessions on entitlements as well? he did do that last year with speaker boehner in the 2011 budg
about over the next two hours. kelly carender will join us. steve la tourette is back. pauly shore with us. chris heben, dr. sanjay gupta. patricia maisch and howie kurtz the host of cnn's reliable sources and his partner in crime lauren ashburn from the daily beast with us as well. it's friday, november 9th. it's friday. "starting point" begins right now. and good morning our "starting point" this morning, the u.s. is just 53 days to falling off that fiscal cliff. today, president obama is going to deliver a big speech about the economy. one of the main components of the president's spending plan is higher tax rates for the wealthy. that's something that house speaker john boehner doesn't seem to be buying. listen. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it could pass the senate. >> without a budget compromise, drastic cuts amendmently kick in. that, of course, could send the economy spiraling back into a recession. white house correspondent brianna keilar is live for us this morning from washington. john boehner was the gu
. egyptians have flooded into the streets in protest. joining us to talk about egypt and that region and beyond, fox news military analyst, general jack keane, thank you for coming in. what do you make of morsi's very bold move with the negotiations between the executive and the judicial branch. but observingly, he is saying, i am all powerful, the courts can't stop me. >> it's a bold move. he is consolidating power. he has been doing it since his inception. he ransacked the military brass. he did that after taking counsel of officers, inside the military, alm -- assuming they would not resist if he took the old bosses out. they have economic interests. he hopes that that military will stay neutral and not get into the streets and deal with deposing him or causing him political internal problems. the other calculations he has, he has been taking out the 61 constitutionalists and he took the lead prosecutor and other key officials out. so he now owns the reins of government in egypt. i think the other calculation he has, why is he doing this on the heels of the hamas cease-fire? excus
. they also released the menu of what they were eating. but give us the substance. >> that's right. turkey chili was on the menu. perhaps thanksgiving leftovers. i talked to a republican source who said this was a friendly meeting between the president and mitt romney. but mitt romney slipped in and out of washington so quickly and quietly that it was a sign that he was ready to accept the president's offer to show bipartisanship but not quite ready to jump back on the national stage. it seems the most unexpected moment of the day came as mitt romney's vehicle arrived at the white house as a window was rolled down, an unknown man approached the vehicle and started shouting. until he was whisked away by the secret service. still, the ever punctual romney was right on time for his private lunch with the president. and be private, the white house means just that. no reporters. >> any chance your briefing might be interrupted by a joint appearance? >> no. >> we've seen other presidents and those that they've defeated in presidential election contests together. why not something for historical
say the central bank likely to hold off until after the federal reserve is due to meet. joining us for more is global chief officer of global equities. and head of japanese research at jpmorgan securities. i suppose the question is whether this contraction here in the third quarter will be followed by another one in the fourth. >> it looks quite likely. you've got bad news on exports continuing and you've got on on top of that now a contraction in public spending beginning to come through. the boost we got after the weak construction from the disaster, that's now bapeaking out. so public demand and economic demand likely to drag us. >> and how much is domestic relying on government support? >> the domestic private side is actually doing really differencely okay. one data point here, you find that mortgage lending is actually growing now for six or seven consecutive months and that shows you that they're opening their purse spritrings little bit. but overall you're really looking at slight contraction in the economy. >> what extra pressure does this put on the government and the ban
with five u.s. airlines including alaska, american, delta, united and u.s. airways, we anticipate the t.s.a. precheck will be in 35 airports by the end of the year with b.w.i., san francisco, and orlando airports all coming online this week. an additional airlines will be coming onboard >> all of this briefing in our c-span networks. we'll take you live to the white house for the briefing with jay carney. >> good afternoon, ladies and gentlemen. thanks for being here. i have a brief statement to read at the top which is that today the president was able to continue returning messages of congratulations from his counterparts around the world. each call he thadged his counterpart for their friend -- thanked his counterpart for their friendship and expressed his desire for close cooperation moving ahead. the president spoke with president karzai of afghanistan, the prime minister of italy, the king of joshedian -- jordan, qatar, president putin of russia, and the president of spain. with that i'll take your questions. >> a couple questions about the scandal that many of us are now covering
that question -- the roles of our committee are you cannot use something that you learned in a classified session. i can give you my assessment based on questions, my investigation, that what susan rice did was use talking points, pulled out originally by the cia signed off by the intelligence community, those were requested by the house committee. the intelligence committee sign off of it. the key was there were unclassified talking points at an early stage. i do not think she should be pelerine for this. she did what i would have done or anybody else would have done that was going on a weekend show. you would have said what talking points can i use? you get an unclassified version. i just remember -- i just read it to the committee what i was going to tell you and questions asked. to be sure it did not violate our rules. this particularly is for people in public office because you are used to answering questions candidly to have to be restricted to what is unclassified. is very difficult for your >> did he talk about his resignation? >> [indiscernible] >> i think it is making a very div
the economy. he went shopping. he went to costco here in washington, d.c. and showed us with his own costco card and showed up witha firewood and a t.v. and apple pie. god bless america. lots to talk about this morning. let's find out first what's going on. here is the latest from lease a ferguson out in los angeles. hi, lisa. good morning. >> hey, bill. good morning, everyone. well, president obama is taking his fight over the fiscal cliff today heading to hatfield, pennsylvania. he is going to tour the rhodon group manufacturing facility. >> that's a place the white house says is one of the many businesses that depends upon middle class shoppers this holiday season. rhodon manufactures connect brand. that time group sells toys like angry birds building sets and tinker toys. at the end of the year, as i am sure you know by now the average middle class family is facing a 2,000 dollar tax hike. on monday of this week the white house released a report saying that could be americans spending $200,000,000,000 less in 2013. the president will continue
. u.s. equity futures should be interesting to look at temperature basically on hold. not sure what to do after yesterday. we'll talk more about the economy in a minute with david rosenburg. it was pretty clear yesterday that depending on how you wanted to spin it, could you say how do you do for another four years. i don't remember any euro news in the last six months no matter how bad it was, we didn't get it free handle. so there's more to it than just europe. >> it was the fiscal cliff, but also the financials got hit so hard. if it had been romney, the cliff would be less of a deal because they would stepped all of them. so now we know and we lettered it first hand yesterday. boehner said we're open to tax increase, but part of a bigger plan that involves spending cuts. dove did a bungee -- >> worst thing i ever did. >> but it goes down and then right back up. >> the worst part is you feel like you're connected on something, but don't. it's a free fall until the very he said and then he start to feel like i'm connected to something and it throws being back into the air. >> my q
class taxes low, but will congress go along with higher taxes for the rich? plus, a long secret u.s. plan, get this, to explode an atomic bomb on the moon. what were they thinking? i'm wolf blitzer. you're in "the situation room." >>> today we may be at the tipping point for one of the most important decisions president obama needs to make as he begins his second term. on capitol hill republicans including moderate republicans are sending the president a clear warning, don't nominate susan rice to replace hillary clinton as secretary of state. rice is the current u.s. ambassador to the united nations. she spent a second day meeting with senators trying to explain some of her inaccurate comments she made after the september 11th terrorist attack on the u.s. consulate in benghazi, libya. cnn's senior congressional correspondent dana bash is joining us now from capitol hill with the very latest. what happened today, dana? >> reporter: wolf, it was one thing for susan rice to be criticized harshly yesterday by the three republicans she met with because they had been among her harshest c
, takeovers at military bases given them a new arsenal of heavy weaponry. in this attack, they used rockets and as cnn's arwa damon reports, the rebels claiming this as a major victory. >> reporter: children on the back of a tractor made off with a sizable tangled lump of metal. what was all too often the cause of nightmares now a trophy of war. proudly shown off by this man. we want to take these pieces to show them to the other villages, he says. let them see what happened to these planes. everyone we speak to here describes the fear they felt any time they heard a jet overhead. for them, this is the greatest victory. one man who we spoke to said he was picking olives, saw the plane being hit and the two pilots ejecting. he says at that point everyone fanned out looking for them. he and others are telling us that one pilot was found unconscious with a head injury. video posted to youtube shows a man in military uniform seemingly unconscious being carried away. as a man offcamera states, here is the pilot who was shelling the houses of civilians. another clip is of him in a makeshift field
has won -- most of the confederacy. >> new york. >> very funny stuff. >> thanks so much for joining us. we'll be back tomorrow. erin burnett "outfront" starts erin burnett "outfront" starts right now. -- captions by vitac -- www.vitac.com >>> "outfront," the are are investors really panicking or is there something else causing the fear? and the gop licks its wounds and starts pointi ining fingers. here with us tonight, a possible 2016 candidate. and another nor'easter bearing down on the region still recovering from superstorm sandy. let's go "outfront." good evening. "outfront" tonight, markets tanked. the day after president obama wins a second term, the dow has its worst day in a year. the dow finished the day down nearly 313 points. for the first time in three months, it closed below 13,000 and when you look at the broader markets, all were down 2.5%, so is the election really to blame? "outfront" tonight, michael farr, author of restoring our american dream. good to see you. i know there were a lot of markets often go down on the day after an election and they're worry about the f
week before house lawmakers concerning the deadly attack on u.s. consulate in benghazi, libya. molly henneberg is live in washington with the very latest on this story. >> molly: now that he stepped down, general david petraeus will not testify this up coming week at house and senate intelligence xheet committee hearings investigating the benghazi. some on capitol hill they do want to hear from him in the future. >> i hope we don't have to subpoena a four-star general and former c.i.a. director. i hope he would come voluntarily. if he won't, he will be subpoenaed. >> molly: petraeus who had been in charge of the c.i.a. since september 2011 has said the attack was in response to a protest over an anti-islam video. one g.o.p. congressman is asking questions about the timing of his departure. >> it comes days before he is set to testify before the house intelligence committee. it really begs the question what did the f.b.i. know and whether did they know it? how long did they sit on the information? i recall that petraeus briefed the senate about what happened in benghazi. did he have t
. >>> good morning to you. i'm carol costello. thank you so much for joining us this morning. more new details on jill kelley, the tampa socialite linked to a respected marine corps general and widening sex scandal. each day it seems more and more loik a bad reality tv show. we've seen kelley march in front of the cameras in a different brightly colored dress each day. now there are report that is her bay front mansion is -- she's having trouble. it could go into foreclosure. we also have learned that she and her surgeon husband are awashed in debt and now faces foreclosures and lawsuits. that's far different than appearances. consider jill kelley's license plate. cnn confirms she's an honorary consul of south korea. at least for the time being sheechlt raise d some eyebrows and a few chuckles when she tried to invoke some kind of imaginary diplomatic powers in this 911 call to police. she was complaining about the media outside her home. >> you know, i don't know if by any chance -- i'm an honorary consul general so i have inviolability so, um, they should not be able to cross my prop
to train. specialist nelson is just one of 60 -- 60 u.s. service members who have been killed this year by the afghans that they were sent to train. i don't know where the outrage is by the united states congress. i am very disappointed in both parties, their leadership to allow our young men and women to stay in a war that has no end to it, makes no sense to the american people. in fact, mr. speaker, the american people have said time after time, poll after poll that they want to bring our troops home now, not 2014 but now. on october 7, there was a national article written and the title was "a mother mourns a grim milestone," referring to the 2,000 american casualties from the afghan war. lisa freeman, who was interviewed in the article, who lost her son, captain matthew freeman, in 2009, he was shot by a sniper in afghanistan, ms. freeman said, i just sat here reliving the pain and wondering , where is america's outrage? where is america's concern that we're still at war? and mr. speaker, i made reference to this yesterday. the october 14 "new york times" editorial, and the title, "t
and be ready to go against the grover norquist pledge. more bill press after the break. stay with us. you're about to watch an viewer created ad message for little caesars who proudly salutes united states veterans everywhere. >> clarksville is a small town on the tennesse/kentucky boader and it is a really great place to raise a family. my name is lloyd allard i was a chief officer in the special forces, i was in the army for 23 years. i have made 1400 parachute jumps. well, my experience in the military was varied. i spent a lot of time in iraq, a lot of time in kuwait. i did two tours in iraq and i decided it was time to do something different with my life. i saw little caesars as a way to give something back to my family. the little caesars veterans program provides financial support and equipment when you open your store. the little caesars veterans program give me a sense of ownership and pride in my business because i am the owner of this business. as a former military person i did not have the business experience and little caesars provided the training and support along the way t
because the underlying fundamentals in the u.s. economy are clearly improving, and you also have a stabilization or soft landing happening in china at the same time. >> david kelly, what do you want to be doing here? what's your strategy for the fiscal cliff? do you think we go over it, and what do you want to do? >> for a long-term investor, you don't try and play this one. i agree with stephanie about the market probably going higher once they get a resolution. they will get a resolution. it's possible it could go into early january. i still think they're more likely to get a resolution done before the end of the year. either way, they'll get a resolution done. when that happens, then we'll resort to looking at the u.s. economy, which is strengthening a bit here. also, the extreme and relative valuations between high-quality fixed income and equities will push money towards equities. i would not run for cover here because of the volatility. i think you just have to, you know, hold your ground through this and hope that the market moves higher next year. >> bob, this activity at
company is joining us in a first on fox business interview that you do not want to miss. liz: we want to tell you what drove the market down in the "data download." the selloff with all three major indices plunging falling more than 2% each. the dow and the below 13,000 130 posts in the steepest drop in more than five full months. all 10 sectors ended lower by the energy. the s&p 500 fell below 1400, the first time since august and it looks like we are staying there at least for today. the first day with volume topping $4 billion since september. a lot of action. rising against a basket of equities. what does that do? it powers higher, the dollar, and brings down some dollar-denominated commodities. 0.3% as the euro fell to the two-month low falling down by the bleak economic forecast. we have an interesting story with u.s. treasury prices pushing yields down the most since june. dropping 11 basis points at 1.65%, the lowest level in more than a full month. david: let's get to today's action. we found somebody who says he is still buying despite the selloff. we have a bull and a bear.
no time on this issue today. fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been propped up with some incertauncertainty. it's kept the market saying, are we going to get a change? it didn't matter who won. we've been facing pr
a reporter tell me how this ends. he got the nickname king david used by supporters and to those that labelled him a celebrity general. in swechb, president bush appointed petraeus to lead all troops in iraq. he rewrote the field manual and his ideas became known as the p petraeus doctrine. obama tapped general petraeus as the man to save the afghan war effort. >> it has again been the greatest of honors to serve here. >> because of his name recognition among the american people, he was surrounded by speculation that he had political ambitions. some wondered if he would appear on the republican presidential ticket, but he knocked down those rumors. >> we're not out there running a political campaign, we're running a war. >> at a senate confirmation hearing to head the cia, he admitted that president obama decided to withdraw thousands of troops significantly faster than petraeus wanted. >> the ultimate decision was a more aggressive formulation, if you will, in terms of the timeline than what we had recommended. >> petraeus' wife, holly, sat behind him in that testimony, and he p
you with us tonight, folks. thanks for watching. democratic leaders are in this budget fight to win it for the middle class. president obama is wrapping up his southeast asia trip. in thailand he was overheard requesting help from a higher power to solve the standoff in washington. >> yes, we're working on this budget, and we're going to need a lot of prayer for that. >> the president is being lighthearted about it overseas, but in washington he is deadly serious about keeping the upper hand in negotiations. fellow democrats are defending the line in the sand. here is house democratic leader nancy pelosi when she was asked if the democrats would accept a deal extending tax cuts for the wealthy. >> we've seen talk about a possible compromise that would leave rates the same but cap deductions for high income earners. that something that is acceptable? >>. no. >> not at all? no way. >> the president made it very clear in his campaign that there is not enough -- there are not enough -- what you just described is a formula and a blueprint for hampering our future. >> that is refreshing t
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